Shiba Inu Whales Bet Big As Shibarium Grows

Name	Symbol	Market	Market Cap ($)	Algorithm
SHIBA INU	SHIBUSD	Crypto	11,196,336,592	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

SHIBA INU

SHIBUSD

Crypto

11,196,336,592

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	0.000019	0.000019	0.000019

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

0.000019

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.00002	0.000018	0.00002	0.000019	0.00000662 - 0.000048

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.00002

0.000018

0.00002

0.000019

0.00000662 - 0.000048

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:58:49	5,078,041.00	0.000019	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:58:49

5,078,041.00

0.000019

USD

Price x Volume	Volume	Base Symbol	Related Pairs
39,282,688.84	172,996,544,647.39	SHIB	SHIBEUR	SHIBGBP	SHIBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

39,282,688.84

172,996,544,647.39

Shiba Inu Whales Bet Big As Shibarium Grows – Road To $0.1?

05/11/2023 12:48pm

NEWSBTC

Shibarium has had quite the adoption and growth since its launch. The layer-2 solution has grown in various metrics over the months, demonstrating strong momentum. Shibarium is closely approaching the 4 million milestone in total transactions. At the same time, whales are increasing their activities, as large transactions spiked in the past week. Related Reading: RUNE Solid 100% Rally Hits Barrier: THORChain Price Nears Key Resistance Shibarium Nears 4 Million Transactions The momentum behind Shiba Inu’s own scaling solution is growing at an incredible pace. Shibarium has taken off and become the preferred method for SHIB whales and retail investors alike to buy and sell SHIB tokens. According to NOWNodes, Shibarium was one of the best-performing networks this month, as the blockchain node provider reached 66 million processed requests to Shibarium. In less than three months after its launch, the network is now approaching four million total transactions and shows no signs of slowing down. @ShibariumNet was one of the best performing networks in our ecosystem this month 🥇 Our team prepared a Milestone report dedicated to the success, most recent updates and highlights of the network Get into our new 🧵 https://t.co/t4e5ljoXNi pic.twitter.com/WHyZZCQAE0 — NOWNodes ⛓️ (@NOWNodes) November 3, 2023 Data from Shibariumscan puts the total transaction count at the time of writing at 3.81 million, with a total of 1.51 million blocks mined. The number of daily transactions is also at 13,700 in the past 24 hours, and the number of wallet addresses has recently surpassed 1.26 million. At the same time, Shiba Inu whales have upped their activity. Data from IntoTheBlock has shown the Shiba Inu ecosystem saw a 45% jump in large transaction volume, which totaled $46.12 million as October came to a close. Related Reading: This Chainlink Metric Just Hit Meteoric Levels – Good News For LINK Price? SHIB market cap currently at $4.839 billion. Chart: TradingView.com Road To $0.1 For Shiba Inu? Past news around Shibarium has always positively affected the price of SHIB. Each new milestone and benchmark reached in developing Shibarium generates excitement and drives up the price of SHIB. At the time of writing, SHIB is trading at $0.000008154 and only 22.14% of holders are currently making a profit. A cross over the four million milestone in Shibarium could lead to another hype in the Shiba Inu ecosystem, even if only temporarily. This could propel Shiba Inu past the current resistance of $0.0000082 and towards its August high of $0.00001072. As more SHIB holders discover the benefits of Shibarium, like lower fees and faster transaction speeds, the rate of adoption will only accelerate. At the same time, various developments have pointed towards sustained price growth for SHIB. Shytoshi Kusama, SHIB’s lead developer, recently unveiled a naming service on Shibarium to convert complex Shibarium addresses into simple human-readable names. A $0.1 price point at this moment seems very unrealistic, but updates like this indicate a starting point for sustained price growth. Featured image from Pexels

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